DEB sold Grand Renaissance Dam bonds worth half a billion birr in six months

  • PDF

Addis Ababa, 12 February 2014 (WIC) -The Ethiopian Development Bank (DEB) said it has sold Grand Renaissance Dam bonds worth half a billion birr in the first half of this Ethiopian budget year. 
Bank Promotion and Public Relations Process Manager, Berhanu Taye, told WIC the bank managed to sell over 541.75 million birr worth bonds in the reported period.
In addition to improving the culture of saving of the public, the selling of the bonds would contribute its share towards backing the construction of the Grand Ethiopian Renaissance Dam (GERD).
In a related development, the bank disbursed 3.8 billion birr loan during the past six months. Its plan was to provide 5.3 billion birr, Berhanu indicated.   
He said the projects financed by the bank are expected to create job opportunities for about 56, 624 compatriots.
Berhanu further said the bank has collected 1.38 billion birr from the loan it gave out, he said.
Established 105 years ago, the Ethiopian Development Bank has 12   branches and 20 sub-branches across the country.

Visitors Counter

mod_vvisit_counterThis week152991
mod_vvisit_counterLast week208463
mod_vvisit_counterThis month619779
mod_vvisit_counterLast month1147369
mod_vvisit_counterAll days( since may 28, 2013)14173238

We have: 193 guests, 60 bots online
Today: Aug 22, 2014